In a filing, Cipher Mining Inc revealed its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $1.24 million on Jun 06 ’24. In the deal valued at $4.16 per share,298,950 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 116,110,358 shares worth roughly $467.92 million.
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Then, Bitfury Top HoldCo B.V. sold 299,953 shares, generating $1,172,816 in total proceeds. Upon selling the shares at $3.91, the 10% Owner now owns 116,409,308 shares.
Before that, Bitfury Top HoldCo B.V. sold 302,841 shares. Cipher Mining Inc shares valued at $1,141,711 were divested by the 10% Owner at a price of $3.77 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 116,709,261 shares, worth roughly $470.34 million.
JP Morgan initiated its Cipher Mining Inc [CIFR] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Compass Point began covering CIFR with “Buy” recommendation on June 06, 2023. Canaccord Genuity started covering the stock on April 25, 2023. It rated CIFR as “a Buy”.
Price Performance Review of CIFR
On Friday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock fall -1.95% to $4.03. Over the last five days, the stock has gained 8.63%. Cipher Mining Inc shares have fallen nearly -2.42% since the year began. Nevertheless, the stocks have risen 72.96% over the past one year. While a 52-week high of $5.75 was reached on 03/28/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $4.05, while 200 days put it at $3.38. A total of 11.97 million shares were traded, compared to the trading of 11.94 million shares in the previous session.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 3.82, which if violated will result in even more drops to 3.60. On the upside, there is a resistance level at 4.41. A further resistance level may holdings at 4.78. The Relative Strength Index (RSI) on the 14-day chart is 51.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.00%. Stochastics %K at 52.33% indicates the stock is a holding.
The most recent change occurred on March 14, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.
